Inflation Protection Correlations

Mutual Funds . USA . 
Fund . Inflation Protection Fund
PIPIX Fund  USD 7.62  0.01  0.13%   
The current 90-days correlation between Inflation Protection and Cmg Ultra Short is 0.05 (i.e., Significant diversification). The correlation of Inflation Protection is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Inflation Protection Correlation With Market

Significant diversification

The correlation between Inflation Protection Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Protection Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Inflation Protection Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Inflation Mutual Fund

  0.86SABPX Strategic Asset ManaPairCorr
  0.85SACAX Strategic Asset ManaPairCorr
  0.85SAGPX Strategic Asset ManaPairCorr
  0.74PFIJX Strategic Asset ManaPairCorr
  0.84PFIEX International EquityPairCorr
  0.76PFIFX Strategic Asset ManaPairCorr
  0.84PFISX International Small PanyPairCorr
  0.77PFIPX Strategic Asset ManaPairCorr
  0.86SAIPX Strategic Asset ManaPairCorr
  0.87PFLJX Principal Lifetime 2050PairCorr
  0.78PFRSX Real Estate SecuritiesPairCorr
  0.76SAUPX Strategic Asset ManaPairCorr
  0.64PGBAX Global Diversified IncomePairCorr
  0.7PGBEX Blue Chip FundPairCorr
  0.69PGBGX Blue Chip FundPairCorr
  0.69PGBHX Blue Chip FundPairCorr
  0.7PGDCX Global Diversified IncomePairCorr
  0.77PGDRX Diversified Real AssetPairCorr
  0.8PGRTX Smallcap GrowthPairCorr
  0.77PGRUX Global Real EstatePairCorr
  0.79PGSLX Principal Global SusPairCorr
  0.77PGRKX Global Real EstatePairCorr
  0.86SCBPX Strategic Asset ManaPairCorr
  0.86SCIPX Strategic Asset ManaPairCorr
  0.85SCGPX Strategic Asset ManaPairCorr
  0.76PHJEX Principal Lifetime HybridPairCorr
  0.77PHJFX Principal Lifetime HybridPairCorr
  0.75PHJGX Principal Lifetime HybridPairCorr
  0.75PHJBX Principal Lifetime HybridPairCorr
  0.73PHJDX Principal Lifetime HybridPairCorr
  0.77PHJNX Principal Lifetime HybridPairCorr
  0.79PHJQX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Inflation Mutual Fund performing well and Inflation Protection Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Inflation Protection's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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